Audit question

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November 12, 2021

by a searcher from University of Colorado at Boulder in Los Angeles, CA, USA

Question - is it better to wait a year and have your first audit be unqualified or go-ahead and do your first audit even though it might be qualified? My thought is that it’s better to go ahead and get the audit so at least you know what you need to correct. Thoughts?

https://insights.diligent.com/audit-reporting/understanding-four-types-audit-reports/

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Reply by a searcher
from University of Florida in Boynton Beach, FL, USA
Hey Peter, happy to chat through this with you if you'd like, just send me a DM. Been through this from the management side and lending side.
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